2019

BSP takes heart from rice tariffication, charter change

Posted on

By Melissa Luz T. Lopez, February 18 2019; Business World https://www.bworldonline.com/bsp-takes-heart-from-rice-tariffication-charter-change/ Image Credit to Business World TWO NEWLY ENACTED LAWS are seen to strengthen operations of the Bangko Sentral ng Pilipinas (BSP), with monetary officials noting they will now have a better handle on inflation as well as on the financial system. BSP Deputy Governor Diwa […]

2019

Duterte signs BSP charter improvement measure into law

Posted on

By Bernadette D. Nicolas, February 16 2019; Business Mirror https://businessmirror.com.ph/2019/02/16/duterte-signs-bsp-charter-improvement-measure-into-law/ Image Credit to Business World President Duterte has signed into law a measure that provides improvements to the Bangko Sentral ng Pilipinas (BSP) Charter. Republic Act 11211 amends the Central Bank’s charter, paving the way for a more forceful inspection and disciplinary authority over the […]

2019

Marawi rehab drive raises nearly P42B

Posted on

By Melissa Luz T. Lopez, February 15 2019; Business World https://www.bworldonline.com/marawi-rehab-drive-raises-nearly-p42b/ Image Credit to Reuters THE GOVERNMENT has so far raised nearly P42 billion for the rehabilitation of Marawi City, the Department of Finance (DoF) said, representing two-thirds of the amount needed to rebuild the war-torn city. In a statement, the department said it now […]

2019

Insurance firms allowed to invest in infrastructure projects

Posted on

By Rea Cu, February 15 2019; Business Mirror https://businessmirror.com.ph/2019/02/15/insurance-firms-allowed-to-invest-in-infrastructure-projects/ Image Credit to Business Mirror INSURANCE companies in the country have been given the go-ahead by regulators to invest their funds in state-led infrastructure projects, in a bid to boost the growth of the Philippine economy and help these firms meet the higher net worth requirement imposed […]

2019

Trade deficit narrows in December

Posted on

By Marissa Mae M. Ramos, February 13 2019; Business World https://www.bworldonline.com/trade-deficit-narrows-in-december/ Image Credit to Business World THE COUNTRY’s trade-in-goods deficit narrowed in December to the smallest in three months as merchandise imports fell for the first time in 17 months, although this did not prevent the full-year gap from surging faster than in 2017, according to data […]

2019

Trade headwinds pose risks to PHL exports, imports in 2019–Neda

Posted on

By Cai Ordinario, February 13 2019; Business Mirror https://businessmirror.com.ph/2019/02/13/trade-headwinds-pose-risks-to-phl-exports-imports-in-2019-neda/ Image Credit to Business Mirror TRADE headwinds will pose risks to the country’s export and import performance this year, according to the National Economic and Development Authority (Neda). In a statement, Socioeconomic Planning Secretary Ernesto M. Pernia said policy uncertainties, amid trade tensions between the United States […]

2019

Gordon reports out bill reducing national gov’t take from ecozone tax

Posted on

By Camille A. Aguinaldo, February 11 2019; Business World https://www.bworldonline.com/gordon-reports-out-bill-reducing-national-govt-take-from-ecozone-tax/ Image Credit to Philippine Star SENATOR Richard J. Gordon, who chairs the chamber’s committee on government corporations and public enterprises, sponsored to the plenary a bill seeking to increase the powers of the Bases Conversion Development Authority (BCDA). Senate Bill No. 2207 amends the charter of […]

2019

11-month FDI down on drop in equity capital investments

Posted on

By Bianca Cuaresma, February 12 2019; Business Mirror https://businessmirror.com.ph/2019/02/12/11-month-fdi-down-on-drop-in-equity-capital-investments/ Image Credit to Business Mirror FOREIGN direct investments (FDI) to the Philippines declined in the first 11 months of 2018 due to a substantial decline in investments in equity capital during the period, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. FDI is the type […]

2019

BSP sees little inflation risk from El Niño

Posted on

By Melissa Luz T. Lopez, February 11 2019; Business World https://www.bworldonline.com/bsp-sees-little-inflation-risk-from-el-nino/ Image Credit to Reuters INFLATION will not zoom past target this year despite threats of a dry spell, a senior central bank official said, citing ample buffer stocks of rice to keep price hikes at bay. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa C. […]

2019

Displaced Hanjin workers find new jobs in Subic ‘build, build, build’ fair

Posted on

By Henry Empeño, February 11 2019; Business Mirror https://businessmirror.com.ph/2019/02/11/displaced-hanjin-workers-find-new-jobs-in-subic-build-build-build-fair/ Image Credit to Business Mirror SUBIC BAY FREEPORT—Close to a hundred workers recently laid off by Korean shipbuilder Hanjin Heavy Industries Co.-Philippines (HHIC-Phil) Inc. found new jobs here on Saturday during a job fair conducted by various government agencies under the “Build, Build, Build” program. Preliminary results […]